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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q50-Q55):

NEW QUESTION # 50
Which two capabilities of the Project Cost to Accounting process help in managing the indirect cost on projects?

A. Allocation helps distribute actual amounts from project sources, ledger sources, or fixed amounts to target projects
B. Calculation Manager helps transfer balances from a source account to target accounts
C. Burdening provides the aggregate of raw and burden costs to represent the total cost of doing business accurately
D. Capital Events helps group assets and costs on a project

Answer: A,C

Explanation:
Comprehensive and Detailed
The Project Cost to Accounting process manages indirect costs via:
* Burdening (B): Aggregates raw and indirect (burden) costs for a total cost view.
* Allocation (C): Distributes costs (including indirect) to projects, ensuring accurate assignment.
* Calculation Manager (A): Transfers balances, not specific to indirect costs.
* Capital Events (D): Groups assets, not focused on indirect cost management.
This ensures cost accuracy, as per the training.

NEW QUESTION # 51
Which two are benefits of using Oracle Fusion Cloud ERP's multi-tenant architecture?

A. Custom hardware for each customer
B. Reduced infrastructure costs
C. Limited scalability
D. Automatic updates and patches

Answer: B,D

Explanation:
Comprehensive and Detailed
Benefits of multi-tenant architecture include:
* Reduced infrastructure costs (A): Shared resources lower the cost of maintenance and hardware.
* Automatic updates and patches (C): Centralized updates ensure all tenants receive the latest features and fixes seamlessly.
* Custom hardware for each customer (B): Contrary to multi-tenancy's shared model.
* Limited scalability (D): Incorrect, as multi-tenancy enhances scalability.
These benefits optimize cost and maintenance, as per the training.

NEW QUESTION # 52
What is the key benefit of embedding OMBPs in a Starter Configuration?

A. Provides a Standard Configuration that supports solution-led implementation of Oracle Fusion Applications
B. Provides a Fully Customized setup of Oracle Fusion Applications implementations
C. Provides a platform for customers to access third-party Oracle Fusion Applications Configurations

Answer: A

Explanation:
Comprehensive and Detailed
The key benefit is:
* Provides a Standard Configuration that supports solution-led implementation (A): OMBPs (Oracle Methodology Business Processes) in Starter Configurations offer prebuilt, best-practice setups for rapid deployment.
* Fully Customized setup (B): Not the goal; focuses on standardization.
* Third-party configurations (C): Not supported in Starter Configurations.
This accelerates implementation, as per the training.

NEW QUESTION # 53
How does Smart View add value to the Period Close to Financial Reports business process in Oracle Cloud?

A. It ensures faster processing of journal entries during the period close cycle
B. It consolidates data exclusively from Oracle Transactional Business Intelligence (OTBI)
C. It enables interactive, multi-dimensional analysis of financial data within a familiar Excel environment
D. It automates the generation of statutory financial reports, eliminating the need for manual data adjustments during the period close process

Answer: C

Explanation:
Comprehensive and Detailed
Smart View adds value by:
* Enabling interactive, multi-dimensional analysis of financial data within a familiar Excel environment (A): Allows users to analyze data dynamically in Excel, enhancing reporting flexibility.
* Faster journal processing (B): Not Smart View's role.
* Automating statutory reports (C): Involves other tools, not Smart View.
* Consolidating OTBI data (D): Not exclusive to OTBI.
This improves reporting, as per the training.

NEW QUESTION # 54
Which two capabilities are provided by Oracle Fusion Cloud ERP's Fixed Assets module?

A. Employee expense management
B. Asset acquisition and retirement tracking
C. Supplier invoice validation
D. Depreciation calculation and reporting

Answer: B,D

NEW QUESTION # 55
......

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Test 1Z0-1160-1 Engine Version, Vce 1Z0-1160-1 File

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Oracle Fusion Cloud Applications ERP Foundations Associate - Rel 1 Sample Questions (Q50-Q55):

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